Business News

Receiver of Paper Mill Radeče papir Announces Auction

Radeče, 10 October (STA) - Borut Soklič, the receiver of the paper producer Radeče papir, announced on Wednesday a public auction for the paper mill for 14 November, setting the bidding price at EUR 6.18m.

According to Soklič, Turkish company Saray from Ankara, which submitted an informative bid for Radeče papir in the summer, is expected to attend the auction and buy the company.

Radeče papir is being sold as a whole, including real estate, capital assets and the Radeče papir trademark, reads the auction summons published on the webpage of the Agency for Public Legal Records (AJPES).

Interested parties, including domestic and foreign business entities or individuals, can carry out due diligence and will have to pay security of EUR 618,400 one day prior to the auction.

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